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15-32-602. Timber trust funds — Trustees — Beneficiaries.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-32-602. Timber trust funds — Trustees — Beneficiaries.
(a) Money a timber purchaser collects for harvested timber is trust money.
(b) A timber purchaser and each officer, director, partner, or agent of a timber purchaser are trustees of trust money.
(c) Each seller of standing timber is a beneficiary of trust money to the extent of the beneficiary's share of the purchase price for the timber.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-32-602
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-32-602
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0344ba5f1657ccfe81c540c3b05c5ddd99923e0d058427f38d25ef59eef9cc66
Source location: content.xml paragraph 18976
Stored source content
15-32-602. Timber trust funds — Trustees — Beneficiaries.
(a) Money a timber purchaser collects for harvested timber is trust money.
(b) A timber purchaser and each officer, director, partner, or agent of a timber purchaser are trustees of trust money.
(c) Each seller of standing timber is a beneficiary of trust money to the extent of the beneficiary's share of the purchase price for the timber.
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